Bagmane Prime Office REIT IPO Allotment Date and Status Guide
Bagmane Prime Office REIT IPO: Focus shifts to allotment date. Latest GMP, step-by-step guide to check status
Mint
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The allotment date for the Bagmane Prime Office Real Estate Investment Trust (REIT) IPO is set for May 12. Investors can check their allotment status through Kfin Technologies Ltd, with a current grey market premium indicating a potential listing price of ₹104.3 per share, reflecting a 4.3% increase from the IPO price of ₹100.
- 01Allotment date is May 12, with shares credited to demat accounts the same day.
- 02Current grey market premium (GMP) is +4.3%, suggesting a favorable listing.
- 03The IPO was oversubscribed 23.71 times, indicating strong investor interest.
- 04Total bids reached ₹3,405 crore, significantly exceeding the available shares.
- 05Refunds for unallocated shares will start on May 13.
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The Bagmane Prime Office Real Estate Investment Trust (REIT) IPO is set to finalize share allotments on May 12. Investors can check their allotment status via Kfin Technologies Ltd's portal. The grey market premium (GMP) currently stands at +4.3%, suggesting an estimated listing price of ₹104.3 per share, which is 4.3% higher than the IPO price of ₹100. The IPO attracted significant interest, being oversubscribed 23.71 times with total bids amounting to ₹3,405 crore against 14,79,21,000 units available. Institutional investors subscribed 25.25 times, while the portion for other investors saw a 21.87 times subscription rate. Successful applicants will see shares credited to their demat accounts on the allotment date, while refunds for unallocated shares will begin on May 13. The listing date is scheduled for May 15.
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The strong demand for the Bagmane Prime Office REIT IPO suggests a positive outlook for investors, potentially leading to increased market confidence and investment in similar real estate ventures.
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